R.P.P Infra Projects zooms after its JV bags order worth Rs 104.55 crore
R.P.P. Infra Projects is currently trading at Rs. 43.50, up by 1.25 points or 2.96% from its previous closing of Rs. 42.25 on the BSE.
The scrip opened at Rs. 41.75 and has touched a high and low of Rs. 44.60 and Rs. 41.15 respectively. So far 36802 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.20 on 07-Jan-2022 and a 52 week low of Rs. 29.60 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 44.60 and Rs. 39.20 respectively. The current market cap of the company is Rs. 165.54 crore.
The promoters holding in the company stood at 51.29%, while Institutions and Non-Institutions held 0.06% and 48.65% respectively.
R.P.P Infra Projects’ joint venture (JV) company -- RPP Infrastructures has received a letter of acceptance for a new project for Ground Water Based Mini Piped Water Supply Scheme (Maximum 100 Household) from 295 Nos. villages within 08 Nos. Blocks namely Balurghat, Hili, Kumarganj, Tapan, Gangarampur, Kushmandi, Banshihari & Harirampur in the district of Dakshin Dinaipur under Balurghat Division at a contract price of Rs 104.55 crore.
RPP Infra Projects (51% holding) along with its JV partner (49% holding) will invest in the project as per their capacity of holding and complete the above project within the decided timelines. Further, it's a huge opportunity in the core competency areas of the company and it's a further boost to the infrastructure sector.
R.P.P.Infra Projects is Construction Company primarily engaged in the business of infrastructure development such as Highways, Roads and Bridges.